Ophthalmology Lasers Market is likely to surpass US$3,478.03 million Revenues by 2030
Global Ophthalmology Lasers Market analysis report is one of the unsurpassed and comprehensive market research reports which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of HEALTHCARE industry. Few of the major industry insights of the report can be listed as; distinct analysis of the market drivers and restraints, major market players involved like HEALTHCARE industry, detailed analysis of the market segmentation and competitive analysis. The world class Global Ophthalmology Lasers Market report takes into account all the aspects of market that are necessary to create the finest and top-notch market research report.
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The global ophthalmology lasers market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.2% in the forecast period of 2023 to 2030 and is expected to reach USD 3,478.03 million by 2030 from USD 2,152.97 million in 2022.
This ophthalmology lasers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ophthalmology lasers market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Market Definition
Ophthalmology lasers are specialized medical devices that emit focused beams of light to treat various eye conditions. These lasers are commonly used in ophthalmology to perform various procedures, such as treating vision disorders, correcting refractive errors, and managing various eye diseases. The devices gained increased importance and adoption due to the high prevalence of several ophthalmic diseases, such as glaucoma, cataract, and other vision-related issues.
Drivers
- Increasing incidences of chronic and communicable eye diseases
The field of ophthalmology has seen a rise in the incidence of both chronic and communicable eye diseases in recent years. Some of the major factors contributing to this trend include a growing global population, an aging population, increased urbanization, changing lifestyles, and increased exposure to environmental pollutants. One of the most common chronic eye diseases is Age-Related Macular Degeneration (AMD). AMD is a leading cause of blindness in people over the age of 60 and is caused by damage to the macula, a small part of the retina responsible for central vision. The prevalence of AMD is expected to increase with an aging global population. Another chronic eye disease that is becoming more prevalent is glaucoma. Glaucoma is a group of eye diseases that cause damage to the optic nerve and can lead to blindness. It is often asymptomatic until it reaches an advanced stage, making regular eye exams crucial for early detection and treatment.
In March 2023, according to an article by Indian Express, globally, glaucoma is the second leading cause of blindness after cataracts. It is estimated to cause blindness in 4.5 million people worldwide. Despite this, glaucoma is largely undiagnosed, with more than 90 percent of untreated cases. Thus, increasing incidences of chronic and communicable eye diseases are expected to drive the market’s growth.
- Increased consumer awareness for laser treatments
Consumer awareness of laser therapies has increased, which has benefited the market for ophthalmic lasers globally. Several factors have contributed to this trend, including advancements in technology, increased access to information, and greater emphasis on patient education. One of the main drivers of increased consumer awareness is the development of new laser systems that offer improved precision, reduced recovery times, and better outcomes. These systems have been shown to be effective in treating a range of eye conditions, from refractive errors to more complex retinal disorders. Patients are increasingly interested in these treatments and are seeking out ophthalmologists who are trained to use them. Another factor contributing to increased awareness is the availability of information about ophthalmology lasers. Patients can easily access information online about the different types of laser treatments available, their benefits, and potential risks. This has helped to demystify laser treatments and make them more accessible to a wider range of patients which is expected to drive the market’s growth.
- Increasing adoption of outpatient procedures
The field of ophthalmology has seen significant advancements in recent years with the advent of laser technology. With the increasing adoption of outpatient procedures, the global ophthalmology lasers market presents a significant opportunity for growth. Outpatient procedures are medical procedures that do not require an overnight stay in a hospital. These procedures can be performed in a medical office, ambulatory surgery center, or outpatient clinic. Thus, the increasing adoption of outpatient procedures is expected to drive the market’s growth.
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Increased Consumer Awareness for Laser Treatments
Consumer awareness of laser therapies has increased, which has benefited the market for ophthalmic lasers globally. Several factors have contributed to this trend, including advancements in technology, increased access to information, and greater emphasis on patient education. One of the main drivers of increased consumer awareness is the development of new laser systems that offer improved precision, reduced recovery times, and better outcomes. These systems have been shown to be effective in treating a range of eye conditions, from refractive errors to more complex retinal disorders. Patients are increasingly interested in these treatments and are seeking out ophthalmologists who are trained to use them. Another factor contributing to increased awareness is the availability of information about ophthalmology lasers. Patients can easily access information online about the different types of laser treatments available, their benefits, and potential risks. This has helped to demystify laser treatments and make them more accessible to a wider range of patients.
Patient education has also played a role in increasing consumer awareness. Ophthalmologists and healthcare providers are increasingly emphasizing the importance of regular eye exams and early detection of eye conditions. This has helped to raise awareness about the benefits of laser treatments and the importance of seeking medical attention at the earliest signs of an eye problem. The rise of social media has also contributed to increased consumer awareness of ophthalmology lasers. Patients can share their experiences with laser treatments on social media platforms, providing valuable insights into the benefits and drawbacks of different treatments. This has helped to create a more informed and engaged patient community, which is driving demand for laser treatments.
Thus, the ophthalmology lasers market is experiencing increased consumer awareness of laser treatments. Advances in technology, increased access to information, and patient education have all contributed to this trend. While there are still challenges to be addressed, the growing interest in laser treatments is a positive development for patients with eye conditions. As the market continues to evolve, it is likely that laser treatments will become even more widely available and affordable, providing more patients with access to these life-changing therapies. Thus, the increased consumer awareness is expected to act as a driver in the market’s growth.
Report Scope and Market Segmentation
| Report Metric | Details |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015-2020) |
| Quantitative Units | Revenue in USD Million |
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the global ophthalmology lasers market are NIDEK CO., LTD. (Japan) iVIS Technologies (Italy), SCHWIND eye-tech-solutions (Germany), ARC Laser GmbH (Germany), Calmar Laser (US), LENSAR, INC. (US), OD-OS (Germany), Quantel Medical (Subsidiary of Lumibird Medical) (France), Aurolab (India), Alcon (Switzerland), Ziemer Ophthalmic Systems AG (Switzerland), LIGHTMED (U.S.), Johnson & Johnson Inc. (U.S.), Bausch & Lomb Incorporated (Canada), MEDA Co., Ltd. (China), Topcon(Japan), Lumenis Be Ltd. (Israel), IRIDEX Corporation (U.S.), and Zeiss (Germany) among others.
Market Development
- In February 2023, NIDEK CO., LTD., a global leader in the design, manufacture, and distribution of ophthalmic, optometric, and lens edging equipment, announced the launch of the Cube α Ophthalmic Surgical System, which incorporates new ultrasound technology that delivers more powerful and effective phacoemulsification.
- In January 2023, iVis Technologies announced that it has been undertaking the expansion works of its corporate headquarters since June 2022.
- In July 2022, SCHWIND eye-tech solutions is continuing its role as an innovation driver in refractive corneal surgery and have its sights set on a groundbreaking procedure for correcting ametropic.
- In February 2022, Calmar introduced a power and pulse-width stabilization system for its Carmel X-series of femtosecond fiber lasers. The Opta Power system is designed for users who need to measure extremely small signal levels and require hours for data acquisition.
- In September 2022, LENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or “the Company”), a global medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, announced the application for certification of the ALLY Adaptive Cataract Treatment System (“ALLY” or the “ALLY System”) in the European Union.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Segment Analysis:
The global ophthalmology lasers market is categorized into product, type, application, gases, and end user.
- On the basis of product, the global ophthalmology lasers market is segmented into femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers, and others
In 2023, the excimer lasers segment is expected to dominate the global ophthalmology lasers market due to rising technological advancements and high investment in this sector.
- On the basis of product, the global ophthalmology lasers market is segmented into femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers, and others. In 2023, the excimer laser segment is expected to dominate the global ophthalmology lasers market with a 48.88% market share.
- On the basis of type, the global ophthalmology lasers market is segmented into photodisruption lasers, selective laser trabeculoplasty (SLT), and photocoagulation lasers. In 2023, the photocoagulation lasers segment is expected to dominate the global ophthalmology lasers market due to growing ophthalmic disorders with 55.15% market share.
- On the basis of application, the global ophthalmology lasers market is segmented into diagnostics and therapeutics. In 2023, the therapeutic segment is expected to dominate the global ophthalmology lasers market due to rising traumatic injuries and the increasing geriatric population with 61.91% market share.
- On the basis of gases, the global ophthalmology lasers market is segmented into noble gas, halogen gas, buffer gas, and others. In 2023, the noble gas segment is expected to dominate the ophthalmology market due to rising healthcare expenditure & awareness of laser treatments amongst the population with 63.02% market share.
- On the basis of end user, the global ophthalmology lasers market is segmented into hospitals, clinics, and others. In 2023, the hospital segment is expected to dominate the global ophthalmology lasers market due to the rise in healthcare infrastructure with a 68.97% market share.
Continued…
TOC:
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE GLOBAL OPHTHALMOLOGY LASERS MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 GLOBAL OPHTHALMOLOGY LASERS MARKET: SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.6 MULTIVARIATE MODELLING
2.7 PRODUCT LIFELINE CURVE
2.8 DBMR MARKET POSITION GRID
2.9 VENDOR SHARE ANALYSIS
2.1 MARKET END USER COVERAGE GRID
2.11 SECONDARY SOURCES
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PORTER’S FIVE FORCES
4.2 PESTEL ANALYSIS
4.3 STRATEGIC INITIATIVES
5 GLOBAL OPHTHALMOLOGY LASERS MARKET, REGULATION
6 MARKET OVERVIEW
7 GLOBAL OPHTHALMOLOGY LASERS MARKET, BY PRODUCT
8 GLOBAL OPHTHALMOLOGY LASERS MARKET, BY TYPE
9 GLOBAL OPHTHALMOLOGY LASERS MARKET, BY APPLICATION
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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